SEMINAR OVERVIEW:
This class is designed to discuss the HBP status of a lease from two perspectives:
1) The state regulatory statutes; 2) The terms in the oil and gas lease.
We do not discuss legal aspects and remedies.
It is also designed with the in-house and title landman in mind as it pertains to putting a lease block together or making an acquisition or divestiture of production and/or oil and gas leasehold. The information is presented in a generalized fashion rather than focusing on any one state, although certain situations in individual states will be discussed from an example point of view.
SCHEDULE:
8:00 - 8:30 – Registration
8:30 – 9:30 – Leases Held by Production
9:30 – 10:30 – Surface and Subsurface Issues and Horizontal Drilling
10:30 – 10:45 – Break
10:45 – 11:30 – Allocation Wells
11:30 – 1:00 – Lunch
1:00 – 2:00 – Federal Leases
2:00 – 3:00 – Royalty Payments
3:00 – 3:15 – Break
3:15 – 3:45 – Nonparticipating Royalty Interests
3:45 – 4:45 – Deduction of Post-Production Expenses